PayPal Holdings, Inc. (PYPL) Shares Sold by Novare Capital Management LLC
Novare Capital Management LLC trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,625 shares of the credit services provider’s stock after selling 6,350 shares during the period. PayPal Holdings makes up approximately 1.3% of Novare Capital Management LLC’s portfolio, making the stock its 15th biggest holding. Novare Capital Management LLC’s holdings in PayPal Holdings were worth $7,532,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PayPal Holdings in the third quarter worth approximately $113,000. Kistler Tiffany Companies LLC grew its position in PayPal Holdings by 511.9% during the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after acquiring an additional 1,684 shares during the last quarter. Archford Capital Strategies LLC grew its position in PayPal Holdings by 65.4% during the first quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after acquiring an additional 1,281 shares during the last quarter. Balentine LLC grew its position in PayPal Holdings by 28.7% during the first quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after acquiring an additional 780 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its position in PayPal Holdings by 171.4% during the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after acquiring an additional 1,808 shares during the last quarter. Institutional investors own 83.08% of the company’s stock.
PayPal Holdings, Inc. (NASDAQ PYPL) traded down $1.32 during midday trading on Friday, reaching $76.38. The company had a trading volume of 11,771,514 shares, compared to its average volume of 7,638,537. PayPal Holdings, Inc. has a one year low of $38.06 and a one year high of $78.01. The stock has a market cap of $93,390.00 and a PE ratio of 53.21.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same period in the previous year, the firm earned $0.35 EPS. The firm’s revenue was up 21.4% compared to the same quarter last year. equities analysts predict that PayPal Holdings, Inc. will post 1.37 EPS for the current year.
A number of research analysts have commented on PYPL shares. Credit Suisse Group reiterated an “outperform” rating and set a $70.00 price target (up from $63.00) on shares of PayPal Holdings in a research report on Tuesday, October 10th. Robert W. Baird increased their price target on shares of PayPal Holdings from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday. Royal Bank Of Canada reiterated a “buy” rating on shares of PayPal Holdings in a research report on Friday. Mizuho reiterated a “hold” rating and set a $50.00 price target on shares of PayPal Holdings in a research report on Sunday, October 15th. Finally, Citigroup Inc. increased their price target on shares of PayPal Holdings to $77.00 and gave the company a “buy” rating in a research report on Tuesday, October 3rd. Eleven investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $72.43.
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PayPal Holdings Company Profile
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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